Group-IB recognised as a Representative Vendor by Gartner in Market Guide for Online Fraud Detection

Group-IB, an international company specialised in preventing cyberattacks and investigating high-tech crimes and online fraud, which has recently opened global HQ in Singapore, is proud to announce that it was recognised in Gartner’s 2019 Market Guide for Online Fraud Detection¹ for its Group-IB Fraud Protection solution. Gartner, the world’s leading research and advisory company, identified Group-IB as a Representative Vendor in Online Fraud Detection.

Group-IB’s Secure Bank/Secure Portal is already trusted by top international companies, including banks and online retailers, protecting more than 70 million of their customers. Based on artificial intelligence and machine learning technologies, Group-IB Secure Bank/Secure Portal detects and prevents online fraud on the client side in real time, across online and mobile channels.

According to Gartner, «Effective online fraud detection requires interpolation of many data types and signals. With the growth of e-business, online fraud detection systems are a necessary component in any security architecture and augment the basic application protection capabilities offered by a web application firewall».

We are thrilled that we’re recognized in Gartner’s Market Guide for Online Fraud Detection, which we believe is not only a testament to our expertise, but also a shift in market focus to more advanced anti-fraud solutions that go beyond signature-based detection,» commented Pavel Krylov, Head of Fraud Protection at Group-IB. «We’ll continue improving our product by speeding up detection and enhancing accuracy even more in order to ensure the security of our customers.

Pavel Krylov

Head of Fraud Protection / Fraud Protection

The Group-IB solution analyses each session, creating a unique device fingerprint to distinguish between normal and suspicious devices, all the while helping AML teams identify money-laundering networks. These metrics are combined with user behaviour and biometrics analytics, which helps distinguish between normal and fraudulent users and identify bot activity with less friction and higher accuracy rates. This information is enriched with Group-IB Threat Intelligence proprietary data on threat actors, malware intelligence, malicious IPs, and compromised data. Group-IB Secure Bank/Secure Portal either sends an automatic notification in real time or blocks the fraudulent activity altogether.

¹Gartner, Inc. «Market Guide for Online Fraud Detection» by Jonathan Care, Akif Khan, April 30, 2019.

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About Group-IB

Founded in 2003 and headquartered in Singapore, Group-IB is a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime. Combating cybercrime is in the company’s DNA, shaping its technological capabilities to defend businesses, citizens, and support law enforcement operations.

Group-IB’s Digital Crime Resistance Centers (DCRCs) are located in the Middle East, Europe, Central Asia, and Asia-Pacific to help critically analyze and promptly mitigate regional and country-specific threats. These mission-critical units help Group-IB strengthen its contribution to global cybercrime prevention and continually expand its threat-hunting capabilities.

Group-IB’s decentralized and autonomous operational structure helps it offer tailored, comprehensive support services with a high level of expertise. We map and mitigate adversaries’ tactics in each region, delivering customized cybersecurity solutions tailored to risk profiles and requirements of various industries, including retail, healthcare, gambling, financial services, manufacturing, crypto, and more.

The company’s global security leaders work in synergy with some of the industry’s most advanced technologies to offer detection and response capabilities that eliminate cyber disruptions agilely.

Group-IB’s Unified Risk Platform (URP) underpins its conviction to build a secure and trusted cyber environment by utilizing intelligence-driven technology and agile expertise that completely detects and defends against all nuances of digital crime. The platform proactively protects organizations’ critical infrastructure from sophisticated attacks while continuously analyzing potentially dangerous behavior all over their network.

The comprehensive suite includes the world’s most trusted Threat Intelligence, The most complete Fraud Protection, AI-powered Digital Risk Protection, Multi-layered protection with Managed Extended Detection and Response (XDR), All-infrastructure Business Email Protection, and External Attack Surface Management.

Furthermore, Group-IB’s full-cycle incident response and investigation capabilities have consistently elevated industry standards. This includes the 77,000+ hours of cybersecurity incident response completed by our sector-leading DFIR Laboratory, more than 1,400 successful investigations completed by the High-Tech Crime Investigations Department, and round-the-clock efforts of CERT-GIB.

Time and again, its solutions and services have been revered by leading advisory and analyst agencies such as Aite Novarica, Gartner®, Forrester, Frost & Sullivan, KuppingerCole Analysts AG, and more.

Being an active partner in global investigations, Group-IB collaborates with international law enforcement organizations such as INTERPOL, EUROPOL and AFRIPOL to create a safer cyberspace. Group-IB is also a member of the Europol European Cybercrime Centre’s (EC3) Advisory Group on Internet Security, which was created to foster closer cooperation between Europol and its leading non-law enforcement partners.